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-winning reporting and analysis covering history as it happens. live from our nations capitol, this is washington week with gwen ifill, produced in association with national journal. corporate funding for washington week is provided by -- ♪ >> wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >> we know why we're here. to charlotte a greater path, in the air and in our factories. >> to find cleaner, more efficient ways to power flight. >> and harness our technology for new energy solutions. >> around the globe, the people of boeing are working together to build a better tomorrow. >> that's why we're here. >> additional corporate funding is provided by prudential additional funding is also provided by the annenberg financial. foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. its hard to believe, but weve been here before. first, negotiators pledge to work together then they test what the other
and violence. in washington, the woman who will not be secretary of state. >> i withdrew my name because i think it's the right thing for the country, and i think it's the right thing for the president. gwen: how politics derailed u.n. ambassador susan rice, even as at least one critical foreign policy matter heats up, syria. >> i think the regime in damascus is approaching collapse. gwen: on the domestic front, the slow march towards the fiscal cliff continues. >> i'm pretty confident that republicans would not hold middle class taxes hostage. >> it's clear the president is just not serious about cutting spending. >> covering the week, reid wilson of "the hotline," david sanger of "the new york times," martha raddatz of abc news, and john dickerson of "slate" magazine and cbs news. >> award-winning reporting and analysis, covering history as it happens. live from our nation's capital, this is "washington week" with gwen ifill, produced in association with "national journal." corporate funding for "washington week" is provided by -- >> we know why we're here. to chart a greener path in the
answer to the washington gridlock? and is he planning a run for governor against chris christie. for analysis, we'll turn to joe klein of "time" magazine. "washington post" columnist michael gerson, and our own norah o'donnell and major garrett, our chief white house correspondent. it's all ahead on "face the nation." captioning sponsored by cbs from cbs news in washington, "face the nation" with bob schieffer. >> schieffer: good morning, again. well, to the famous combos of modern life, from mac and cheese, peanut butter and jelly, rum and coke, bread and butter, and salt and pe pepper, add one more pair simpson-bowles. alan simpson may be in wyomingy and erskine bowles in north carolina but you can't mention one without think of the other. when you headed up the bipartisan deficit commission appointed by the president you laid out the dire consequences if we don't get the country back on a sound financial footing. the two sides are still at loggerheads. i guess i would start this morning by mr.-- and mr. bowles, why don't you go first-- is all this just posture or are they rea
, washington, d.c. good for you. uh, churches, $1,600. here's sarah. sites corresponding to the tenth through final stations of the cross are within the church of the holy this-- another word for a tomb. it's been called christianity's most hallowed ground. what is sepulchre? churches, $2,000. what is the hagia sophia? let's go times past for $1,200, please. what are chariots? uh, times past, uh, $1,600. and you still have the lead. all right, um, i'll risk $2,000. $2,000 it is. here is the clue... uh, what is paris? no. the congress of vienna, the congress of vienna, after the defeat of napoléon. you are just off the lead now. you trail boomie by $400. go again. uh, times past, $2,000. what is wessex? you're in the lead again. uh, times past, $800. and that province would be que beth. uh, times past, $400. bec. beth. who is mao? fabrics for $800, please. what is burlap? fabrics ,200. what is crepe? fabrics for $2,000. what are the hebrides? fabric, $1,600. whatyon? you picked the right one, and now the last clue... what is the bark? and that puts you into a tie with beth for the lead. silas
>>> "outfront" next, president obama visited a toy factory today. and while everyone in washington is acting rather childish about the fiscal cliff, this is not child's play. 33 days left. and the u.s. ambassador to the u.n., susan rice, facing new scrutiny today from democrats. this time about her personal investments. and the number of drones has surged. the newest versions, though, pretty incredible. they look like a cheetah and a fish. let's go "outfront." >>> good evening, everyone. i'm erin burnett. "outfront" tonight, hey, washington stop playing battleship. yes. battleship. we went out and bought it because we wanted to remind you, the kids game where the goal is, i'll read it, can you sink your opponent's fleet before your opponent sinks yours? pretty perfect. this fiscal cliff though is not child's play. it's just 33 days away and today, president obama's visit to a toy factory in pennsylvania had everyone acting a bit childish. >> i've been keeping my own naughty and nice lists. >> we're not interesting in playing rope a dope. >> i wasn't going to have him building rolle
't happen in washingtoners it would make great television. right-to-work laws in michigan became the 24th state in the nation. it allows union workers to opt out of paying union dues even if they're not in the union. stephen moore, "wall street journal." who would be next? >> there are a number of states neighbors to michigan really looking at this legislation. i'll name a few to you, bill. pennsylvania, ohio, west virgina, states like that are competing against southern states. remember a lot of jobs and a lot of manufacturing has moved from the midwest, the kind of rust belt of america to the south in part because those southern states are right-to-work. can i mention one other thing if i could, bill, about this issue that is important? bill: sure. >> there is so much misinformation what it means to be a right-to-work state. i want your viewers to know this, if you're a right-to-work state it does not ban unions, bill. simply means that workers who work for a unionized company have the right as an individual to join the union or not. it does not ban unions. bill: to be more specific, if
. >> reporter: at another local restaurant, the owner has seen enough of washington gridlock. >> i wish those lawmakers would get their [ bleep ] together and get it done and try to help everybody. it would be good if they could do it before the holidays are over. >> reporter: craig, as someone who spent some time in river city here in washington, i wanted to show you this. these are the inaugural stands right on pennsylvania avenue, right in front of the white house. i'm looking at them and listening to them right now. they've been going up pretty steadily. these guys work around the clock. january 21st, the president is going to be marching past the white house to live here for another four years. now, about the fiscal cliff, john boehner's in town. that's relatively rare for him to stay in town on the weekend. the president was here, but there were meetings yesterday. nancy pelosi came in and out. no one saw her. we thought reading the tea leaves maybe there would be some movement. there was some movement. the president is playing golf. haven't seen hide nor hair of john boehner. >> mike v
" tonight, the magic number after a whole week of harsh words here in washington and threats too, did house speaker john boehner hint ever so slightly at a compromise today that could finally edge us away from the dreaded fiscal cliff? it comes down to tax rates. this is a huge sticking point in the stalled negotiations between the president and mr. boehner. obama says the top rate on household income above $250,000 should rise from 35% to 39.6%. boehner wants the rate to stay at 35% or even lower. but what about meeting in the middle? around 37%? listen carefully to the speaker when he was asked today whether that rate could be the answer to this impasse. >> there are a lot of things that are possible. to put the revenue the president seeks on the table. but none of it's going to be possible if the president insists on his position. insists on my way or the highway. >> you hear what he said? a lot of things are possible. that may not sound like much where you're from, but here in washington, it sounds suspiciously like code for we're making progress. more evidence boehner's democratic coun
doocy is live in our washington newsroom with more on that. so what is the state department's explanation, peter? >> reporter: jon, last week on december 19th the state department spokeswoman, victoria knew land put out a statement said in plain english their accountability review board that looked to what happened in benghazi on september 11th had flagged the performance of four officials. this is a quote. the secretary has accepted eric bosswell's decision to resign assistant secretary for diplomatic security effective immediately. the other three individuals have been relieved of their current duties. all four individuals have been placed on administrative leave pending further action. but, the "new york post" is now reporting that eric bosswell has not resigned and all four of those stated department employees are still on the state department's payroll. >> just shifted the deck chairs and they want to make the american people believe that the state department has held people accountable for their lack of security and sending help to four brave americans. this is incredi
control -- envoy for middle east affairs says the rebels are gaining control. washington congratulated the kremlin for waking up to reality. >> the aftermath of a bombing in a damascus suburb. syrian official media said a car packed with explosives blew up near a school in this district to the southwest of the total, and that at least half of the casualties were women and children. "we were going to school when the explosion took place. i do not know anything about my parents. they may have died." this man says the victims were all students, or going to their places of work. after the explosion, the ground was full of bodies. the state news agency has blamed the violence on terrorists, its name for the rebels intensifying attacks on the government. this was the latest in a string of bombings in and around damascus. for the first time, russia has acknowledged the possibility of the rebels winning the civil war in syria. the assad regime was losing control of more and more territory, an opposition victory could not be ruled out. it is unclear whether this means there will be a u-turn in
to wrap a. >> my name is -- [inaudible] -- washington d.c. what's missing on discussions is the fact that islamists have nothing to offer except for sharia law and muslims are fed up with the sharia law. the other point is there's a new new generation of arabs that face the people. i wrote an article about this, who are very different than their fathers and grandfathers. which we should be focusing on. >> can make it to a question? >> -- something we should be focusing on. our democracy by islamist ideology. what shall we do about the threat to democracy the case arabs are going to sort their problems out. this is the first time they're focusing on their own homegrown problems gloominess and israelis and other people. what should we do about the ideology that is focusing on destruction of democracies? >> would anybody like to take out one? >> it begins by recognizing what it is. a couple of years ago before these tahrir square movement, there is a prominent article about my son brother had. the term moderate is a separate term because to us it means someone like ice. but in reality,
of u.s. security agents. benghazi, tripoli and washington coordinated effectively with each other on the night of the attacks. the interagency response was timely and appropriate. but there was not enough time for u.s. military forces to have made a difference. having said that, it is not reasonable nor feasible to tether u.s. forces at the ready to respond to protect every high risk post in the world. we have found that there was no immediate tactical warning of the september 11 attacks. if there was a knowledge gap in the intelligence community's en understanding of extremist militias in benghazi -- in this context, increased violence .ailed to com we did not find that any individual u.s. government employee engaged in willful misconduct or knowingly ignored his or her responsibilities. we did conclude that certain state department bureau level senior officials in critical positions of authority and responsibility in washington demonstrate a lack of leadership and management ability a program for senior ranks and their responses to security concerns posed by the special mission.
. >> in washington, msnbc and "time" senior political analyst, mark halperin. >> we saw him on the streets of d.c. yesterday, and he was very cagey. >> the mean streets of d.c. >> yes. he was so cagey. >> he was. >> yes. yes. >> you can't ever ask those guys what they're doing, wherever they are. where you going? with who? a meeting. >> auditioning for a gang is what i'm doing. >> right. >> yes, exactly. lots of luck with that one. >> should we get to the news? >> fantastic. boy, there's some stories here, unbelievable. >> in the least. >> you talk about libya. i tell you what, you've got assad about to cross that red line. he's going to see russia leaving quick. i think you'll see even troops going in there if he starts using chemical weapons against his own people. about to cross the line. egypt, morsi in trouble. the biggest revolt since mubarak was pushed out of power. "the new york times" also has another fascinating story. john boehner gained strong backing of the house gop. they actually say that the speaker's more powerful today than he has been since he became speaker two years ago. >>
difference in washington, one that makes conservatism not just about ideas and the conaccept the of thinking about government but putting a political agitating force beside it. it may not be good for the conservative movement but it is a change. >>ic it's sad. i remember heritage is where obamacare came from. the idea of an individual mandate came from student butler from the merge heritage foundation. we're at the moment where interesting thinking is happening among younger conservativees, on a lot of the social issues bedelving us, like health care. i don't know that jim demint is all that interested in that kind of stuff. >> schieffer: what about, norah, the republican party in general? where does it go from here? it got beat when all the indicators suggested they should have won this election, if you just went by the economic indicatores, and all of that, and yet, president obama won. >> well, look at all the-- those who are leading the republican ticket, presumably, for 2016, whether it's rubio, ryan, jeb bush, all of them acknowledge that the party has got to change to some degree, and
of mourning played out once again today in newtown, connecticut. while in washington, president obama walked into the white house briefing room named for james brady-- the press secretary critically wounded in the shooting of president reagan in 1981-- to talk abt g violence. >> the fact fact that this pros complex can no longer be an excuse for doing nothing. >> ifill: instead, in the wake of the massacre at sandy hook elementary school, mr. obama said, "this time, the words need to lead to action" on gun violence. >> the vast majority of responsible law abiding gun owners would be some of the first to say that we should be able to keep an irresponsible law breaking few from buying a weapon of war. i'm willing to bet that they don't think that using a gun and using common sense are incompatible ideas. there is a big chunk of space between what the 2nd amendment means and having no rules at all. >> reporter: to that end, the president announced vice president biden and an administration team will craft recommendations on everything from gun laws to mental health, to be sent to congress by
to extend tax cuts for most americans. his remarks came as congress leaves washington without a plan to avoid the fiscal cliff. the president said he hoped any deal to avoid the fiscal cliff would also include and extension of unemployment insurance and lay this is about 7 minutes. >> good afternoon, everybody. for the last few weeks, i have been working with the leaders of both parties on a proposal to get our deficit under control, to avoid tax cuts -- to avoid tax hikes on the middle-class. and to make sure we can spur jobs and economic growth. a balanced proposal that cuts spending, but also ask the wealthiest americans to pay more, a proposal that will strengthen the middle class over the long haul, and our economy over the long haul. in the course of these negotiations, i offered to compromise with republicans in congress. i met them halfway on taxes and more than halfway on spending. today, i am still willing to get a comprehensive package done. i still believe that reducing our deficit is the right thing to do for the long-term health of our economy and the confidence of our
term the best way to break washington stalemates, rally the public to their cause. here's how the president put it to cbs news. >> so getting out of this town, spending more time with the american people, listening to them and also then being in a conversation with them about where do we go together as a country, i need to do a better job of that in my second term. >> better job of explaining? >> well, explaining, but also inspiring. >> reporter: wolf, when it comes to a deal on averting the fiscal cliff, negotiations are on deep freeze. from the white house's perspective, they're not going to budge until house republicans come around to the view that tax rates on the wealthiest have to go up. but you know house republicans don't want to agree to any kind of deal that includes that. so right now it's a blinking contest. of course, the white house thinks it's one they'll ultimately win, because in the new year tax rates automatically go up. >> and there could be a recession once again if we go into that fiscal cliff. how worried are officials over at the white house that the pr
things done in washington than playing politics. i think to recognize there's been real progress made, right the border is safer today, the immigration system is better, the two parties worked together to do that over the last few years. there are still some meaningful things that need to get done. the d.r.e.a.m. act, we have to fix the low-end and high-end visa system. the mexicans are going to do a whole boar border system. i think there will be a lot of room to work together next year to get something meaningful done. if the republicans are earnest and play it straight i think they'll get a lot of credit for working with the democrats to fix the broken immigration system and making it better. jon: getting something meaningful done, it seems like a longtime since that's happened in washington. we'll look forward to it. simon rosenberg. kate obenshane thank you much. jenna: the nato alliance warning the assad regime in syria against using chemical weapons against his own people. this is an attempt to for once and for all crush the 21-month rebellion there. nato is considering a turki
on that as that story develops. back to washington d.c. now and the back and forth over the budget crisis there taking place behind closed doors right now on capitol hill. you have negotiators from both sides trying to hammer out a deal over tax hikes and spending cuts as the clock particulars towards that fiscal cliff deadline on january 11. mike emanuel is live. we are still getting hard lines from either side about where they stand on this. what is really happening behind the closed doors? are they closer to a dole? >> reporter: jenna you're right about a lot of tough talk in public, but behind closed doors we know the president, the speaker of the house john boehner had a phone call late yesterday, the first call they had in a week. there has not been much in the way of leaks as to what was discussed. most folks on capitol hill may suggest that no leaks means they are getting down to serious movement on finding a compromise to avert the fiscal cliff. because in public the treasury secretary was asked yesterday if the administration is prepared to go over the fiscal cliff. check this out. >> is the
and the political class here in washington d.c. so consumed by fear and hatred of the n.r.a. and american gun owners that you're willing to accept a world where real resistence to evil monssters is alone, unarmed, school principal left to vender her life, her life to shield those children in her care? no one, no one regardless of personal, political prejudice has the right to impose that sacrifice. ladies and gentlemen, there's no national one side fits all solution to protecting our children. but do know this president see road out school emergency planning grants in last year's budget and scrapped secure our schools policing grants in next year's budget. with all the foreign aid the united states does, with all the money in the federal budget, can't we afford to put a police officer in every single school? even if they did that, politicians have no business and no authority denying us the right, the ability and the moral imperative to protect ourselves and our loved ones from harm. now the national rifle association knows there are millions of qualified active and retired police. active reserve an
and in washington about what the intentions of the assad regime is with the sarin gas, these chemical weapons that can be so deadly. >> greta: jennifer, what makes this so vastly different than anything else is you've got this 60-day window. it's not like nuclear weapons where some country has that sort of discussion with us that endures for years, and they sort of plod along. this is a 60-day window, and in the event that he doesn't get asylum or in the event he gets asylum but as he leaves, he does something rather dirty or leaves insecure, one minute in a discharge of this sarin gas, and it's deadly to so many people. this is different. would you not agree? >> reporter: it's so much more deadly than cyanide, for instance. this nerve gas, it kills instantly, as you said. i think the real question we have to ask ourselves is why would the assad regime use chemical weapons on their own people, and that is really a question that only assad himself can answer. it is very clear that his regime is teetering. it's a desperate measure, if anything, and it's very interesting to me that several middl
a hand. [applause] since he came to washington with president obama in 2009, he has been a forward thinking and caring supporter of the district. to the teachers and principals of this city in this country. he has helped secure millions of dollars in funding. they helped shape innovative policies, all across the country. he is a true leader, not just in time for celebration, but in times of tragedy and sorrow. yesterday, he attended the funeral of the principle of sandy hook elementary school that lost her life protecting the children of the school. ladies and gentlemen, i am proud, thankful, and privileged to introduce arne duncan. [applause] >> i want to thank the children for their fantastic support. please give a round of applause for the work she is doing. [applause] i think she is an amazing leader, and d.c. has come a long way and has a long way to go. with her passion in her heart, she is leading the charge. this is a bittersweet day. i think it is so important on days like this and every day, that we listen to our children. savor their innocence and applaud their unquencha
cuts. tomorrow on ", washington "" robert -- "washington journal," robert van order on the mortgage loan forgiveness. adult'eman on being an with autism. plus, your emails, phone calls, and tweets. >> c-span, created by cable companies and venture 1979, brought to you as a public service by >> president obama talked about the so-called fiscal cliff and his proposal to end the bush era tax cuts. he spoke at a manufacturing facility in hatfield, pennsylvania, for about 25 minutes. >> thank you! [cheers and applause] >> well, good morning, everybody. everybody, please have a seat, have a seat. relax for a second. it is good to see all of you. hello, hatfield! it is good to be back in pennsylvania and it is good to be right here at connects. i want to thank michael airington and the inventor of connects, joel glickman, for hosting me today. where'd they go? stand up so everybody can see you guys. there you go! i just noticed, we got a couple of outstanding members of congress here. chaka pata, and allison schwartz. i just finished getting a tour of the connects workshop. i have to say,
for a compromise in washington today days before a new year's deadline to reach a deal or watch the economy go off the cliff. i'm. patti ann: i'm patti ann browne. they will try to avoid the across the board tax hikes for 90% of the american households and deep spending cuts. so far little to no progguess has been reported. gregg: chief white house correspondent ed henry is in the white us. ed, what do we expect out the meeting if any at all? our expectations are a little bit low. >> reporter: you're exactly right, gregg, expectations have to be low. lawmakers of both parties in conjunction with the president have missed one deadline after another. we have been saying for a couple weeks they had to get moving get this completed before christmas in order to give the house and senate time to debate and end up voting on whatever package they come up with. now that we're days away from actually going off the fiscal cliff where these automatic massive spending cuts as well as large tax increases got into effect you have to have low expectations. it appears the white house is very confident in waiting f
at the white house aimed at the syrian regime. how far is is washington willing to go. plus, word of a new attack in the syrian capital that reportedly wiped out a classroom full of kids. the nfl murder-suicide. the mother of belcher talking about what her son did after he killed his girlfriend and what the kansas city chiefs say they knew about his problems before he shot himself in the head. manhunt in times square for the guy accused of pushing a passenger in front of an oncoming train as witnesses stood in shock. >> you know, you almost heard like a thud. >> tonight, the horror that has shaken new york city. >> but first from fox this tuesday night, the world has just cranked up the pressure on syria. one day after the white house warned syria against using its chemical weapons, nato allies issued a similar message today saying that such action would not only be completely unacceptable but a clear breach of international law. hours ago white house press secretary jay carney says he thinks syria's leaders have gotten the messages. >> it's hard for me to imagine that they are not fully a
very much. now we move on to your money and the financial peril our nation faces if washington lawmakers don't get it together soon. president obama saying now a deal to avoid the so-called fiscal cliff could be about a week away. there is just one catch. he says republicans have to accept the, quote: reality as he puts it that tax rates are going up for the richest americans. something g.o.p. leaders are calling a deal breaker. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. we can probably solve this. it's not that tough. but we need that conceptual break through that says we need to do a balanced plan. >> we made a good faith offer to avert the fiscal crisis and that offer included significant spending cuts reforms and it included additional revenue. and frankly, it was a balanced approach mr. president has been asking for. now we need a response from the white house. >> they have 27 days to prevent automatic tax hikes and spending cuts from kicking in on new year's
-dollar deficits for as far as the eye can see. listen, washington has got a spending problem not a revenue problem. if the president doesn't agree with our proposal i believe that he's got an obligation to families and small businesses to offer a plan of his own, a plan that can pass both chambers of the congress. we are ready and eager to talk to the president about such a plan. >> you did speak with the president earlier this week, can you characterize that call? did he have any kind of counter offer? also, we understand that he is making clear that it's got to be increase in rates for the wealthy or no deal. are you willing to give a little bit maybe not all the way to 39.6? >> the phone call was pleasant, just more of the same. the conversations that the staff had yesterday, just more of the same. it's time for the president, if he's serious, to come back to us with a counter offer. >> the jobs report today indicated unemployment is down roughly a full point from this time last year. a lot of folks in the business community say if no deal is going to happen it could obviously hurt american job
reliefchallenge.com today for a special trial offer. >>> good morning, washington. look at that lovely picture of the nation's capitol. doesn't look like too much action around there. certainly a quiet morning in washington. maybe they are thinking about the fiscal cliff. who knows. well, our focus today and this morning is syria which is important, not just because more than 40,000 have died in the 21-month conflict but because there are new fears that the government may unleash deadly chemical weapons on its own people. that means more lives could be lost, and for americans it means that the u.s. would probably take action. president obama, secretary of state clinton and defense secretary leon panetta have warned president bashar al assad that using chemical weapons crosses the red line. >> the world is watching. the use of chemical weapons is and would be totally unacceptable. >> so the question is what would that action look like? cnn pentagon correspondent barbara starr has a look. >> reporter: randi, for defense secretary leon panetta, the major priority now is to try to determine syria's intent. does
the authority to reprogram funds to increase diplomatic security spending by $1.3 billion. in a washington where too often we see the recommendations of panels ignored or deferred, as they were for a long time on even the 9/11 commission, i think the secretarys swift action underscores how determined she is to apply the lessons of benghazi. clearly, mistakes were made. we learned of those yesterday in stark terms about the mistakes leading up to the attacks. the report makes that very clear. one of the most candid and important observations was the failure by certain leaders to see the forest through the trees. there were clear warning signs that the security situation in libya had deteriorated. going forward, it is important -- and i think it is important for all of us to think in these terms -- we need to do a better job of ensuring a free and open dialogue among ambassadors, the embassy security personnel, and officials in washington for decisions on funding and staffing levels and security. as we draw lessons, i want to be crystal clear about something else. congress also bears some responsi
. >> what's been holding us back is the dysfunction here in washington and if, you know, people start to see that on january 1st this problem still hasn't been solved, that we haven't seen the deficit reduction we could have had, the republicans been willing to take the deal i gave them, if they say, that people's taxes have gone up, which means consumer spending is going to be depressed, obviously that will adverse reaction in the markets. heather: there is lot at stake for all americans. three big issues on the financial front this morning as a matter of fact,. stu varney, host of "varney & company" on the fox business network joins us now. stu, no deal on capitol hill, not really doing their job but we're hearing they get a pay raise. >> that incredible to some people, but nonetheless before this past weekend, president obama quietly signed a executive order that gives a small pay raise to two million federal workers and a small pay raise to all 535 members of congress. they will get an extra $900 each in the forthcoming year starting march 27th. but they get a pay raise. so the people wh
'll have details. >>> so much pot, so few answers. legalized marijuana laws take effect in washington state and colorado. from driving high to trafficking weed over sttte borders the legal and financial nightmares are just beginning. but we're convening a pot power panel to help clear the smoke. even when they say it's not it is always about money. melissa: first let's look at the day's market headlines. some breaking news on aig just out a short time ago. the treasury announced it is selling all of its remaining 234 common shares in the insurance giant however treasury will continue to hold warrants to purchase aig common stock. investors refusing to give up hope on the fiscal cliff. the dow and s&p 500 gained post-election day tumble. the dow climbed 13 points for its fourth straight game. >>> more trouble for once untouchable apple. jeffries cut its price target by 100 bucks down to $480 a share. shares fell by more than half a percent on the news. >>> now on to our top story. tonight is taxes and how hard we are all about to get hit. there are already a trillion in tax increases baked r
cliff counter offer to president obama. eamon javers joins us now from washington with all the details. good evening. >> reporter: good evening. leapt me walk you through the specifics or at least what specifics we have so far from this boehner counter offer and you can see where it falls short from the white house's perspective right in the top line take a look at the details here. boehner and the other house republicans are asking for $800 billion in new tax reform revenue. that's short of the $1.6 trillion that the president would like to see there. also health savings of $600 billion. mandatory savings of $300 billion. revisions of cpa of 200 billion. other discretionary saving 300 billion. they say net savings is $2.2 trillion all told. the white house says this plan is not balanced, and interestingly there's a little side skirmish here between the speaker of the house john boehner and erskine bowls. boehner said this was based on a report that bowles laid out. bawls said no. he said the approach laid out does not represent the simpson-bowles plan or the bowles plan. in fact what
in washington state, there is also a battle over the legalization of pot on the horizon and we'll find out what business owners are doing to cash in on the new law. >>> but first, a live look at fedex field. a dreary start to the morning. lots of people out there already, getting ready for the crowds. will it clear up in time for the game? gwen tolbert, what will the weather be like for the afternoon? >> we've got the clouds going and we've got the rain and it's really not going to be too much of a change. the seats are definitely going to be wet out there. be prepared, everybody. let's take a look at radar. we've got a fair amount of rainfall moving in acrossea. we've got a frontal system to the south of us that's going to move to the north as a warm front before it's said and done. the rain, off and on throughout the day with the drizzle, so do be prepared. let's go to the weather maps. here's a look at fog advisory currently in effect, this until 11:00 this morning, mainly for areas of delmarva. and temperatures, 51 degrees right now at reagan national airport, 50 at bwi. not expecting that
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